FINRA provided Q&A guidance on amendments to TRACE reporting rules for certain transactions in U.S. Treasury securities.
As previously covered, FINRA amended Rule 6730 ("Transaction Reporting of TRACE-Eligible Securities") to (i) give members more time to TRACE-report transactions in U.S. Treasury securities that are "executed to hedge a primary market transaction," and (ii) adopt identifiers for these transactions. FINRA provided FAQs regarding the application of TRACE reporting requirements to these transactions. The effective date is June 1, 2020.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
